Richwood, WV is an affordable place to live. The median value of a house in the town is $66,000, which is significantly lower than the US median value at $338,100. Additionally, Richwood has experienced a 9.82% increase in home values over the past year compared to 8.27% for the nation as a whole. This indicates that housing in Richwood is becoming more valuable at a faster rate than other areas of the country. Therefore, it may be an ideal place for those looking to buy a home who are searching for great value and potential appreciation opportunities.
The median home cost in Richwood is $66,000. Home appreciation the last 10 years has been 44.6%. Home Appreciation in Richwood is up 12.1%.
Average Age of Homes
- The median age of Richwood real estate is 70 years old
The Rental Market in Richwood
- Renters make up 17.9% of the Richwood population
- 2.4% of houses and apartments in Richwood, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.